IPO - ENTERGY CORP /DE/

Form Type: 8-K

Filing Date: 2025-03-19

Corporate Action: Ipo

Type: New

Accession Number: 000119312525057702

Filing Summary: On March 19, 2025, Entergy Corporation closed a public offering of 15,568,863 shares of its Common Stock, which had been previously registered under the Securities Act. This public offering was preceded by forward sale agreements entered into on March 17, 2025, with major financial institutions including Morgan Stanley and Bank of America. The initial forward sale price was set at $81.87175 per share, with provisions for adjustments based on interest rates and other factors. The agreements also included terms for potential physical or cash settlement, which could affect stock dilution. The document outlines various rights and conditions under which the agreements could be accelerated or settled, ensuring detailed compliance with the reporting requirements of the Securities Exchange Act of 1934. The Company also filed a legal opinion regarding the validity of the shares in connection with the offering.

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